Tim Walz, the current Governor of Minnesota and a key figure in the 2024 U.S. Presidential Election, has seen his financial trajectory shaped by decades of public service. Though his net worth is significantly lower than that of many other political figures, it is in line with the typical American household, as revealed by a federal disclosure form filed in August 2024.
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This article will dive into Tim Walz’s net worth, his earnings as governor, and how his career in public service has shaped his financial position.
What is Tim Walz’s Net Worth in 2025?
Tim Walz’s net worth is estimated to be between $117,000 and $330,000 in 2025. This places him close to the median U.S. household net worth, which currently stands at around $193,000. His wealth is mostly tied up in retirement accounts and other relatively modest assets. This number contrasts sharply with the multimillionaire status of figures like Republican vice-presidential candidate JD Vance, whose net worth is estimated between $4.8 million and $11.3 million.
Despite his relatively modest wealth, Walz has earned a six-figure salary as the Governor of Minnesota, where he currently earns around $210,000 per year. This salary is significantly above the median U.S. household income of approximately $80,610.
Tim Walz’s Earnings and Career Background
Walz’s career earnings are primarily derived from his time as a public servant. Before becoming the governor, he served as a U.S. congressman for 12 years, earning a salary of $174,000 per year. Prior to his political career, he worked as a public school teacher and football coach, careers that typically do not generate large amounts of wealth but offer stability and a strong public service ethos.
Governor Salary and Benefits
As Governor of Minnesota, Walz’s annual salary is $210,000, which is higher than the average American household’s income. Additionally, he has a federal pension as a former congressman, which is estimated to be worth up to $800,000. Walz also benefits from a pension plan through the Teachers’ Retirement Association of Minnesota, although its value is not clearly outlined.
Tim Walz’s Assets and Financial Disclosure
In his financial disclosure form for 2024, Tim Walz listed a number of assets, including:
- Minnesota State Retirement Plan: $100,001 to $250,000
- Health Savings Plan: $2,002 to $30,000
- Wells Fargo: $15,001 to $50,000
Interestingly, Walz does not list a personal home among his assets. In 2023, Walz and his wife, Gwen, moved into the University of Minnesota’s Eastcliff Mansion while the Minnesota governor’s mansion was undergoing renovations.
Tim Walz’s Financial Position vs. Other Political Figures
Comparing Tim Walz’s Net Worth to JD Vance
Walz’s net worth is modest when compared to JD Vance, a Republican vice-presidential candidate, whose wealth is estimated between $4.8 million and $11.3 million. Vance, a venture capitalist and author, has accumulated significant wealth through his business ventures and investments.
Walz’s more modest net worth is reflective of his background in public education and his career in public service, which does not typically offer the same financial rewards as private sector roles.
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FAQs: Tim Walz Net Worth
1. What is Tim Walz’s net worth in 2025?
As of 2025, Tim Walz’s net worth is estimated to be between $117,000 and $330,000. Most of his assets are tied up in his retirement accounts, and his wealth aligns closely with the median U.S. household net worth, which is around $193,000.
2. How much does Tim Walz earn as governor of Minnesota?
Tim Walz earns an annual salary of $210,000 as the Governor of Minnesota, which is higher than the median U.S. household income of about $80,610. He also has additional federal pension benefits from his time as a U.S. congressman, estimated to be worth as much as $800,000.
Conclusion: Tim Walz’s Wealth and Career
Tim Walz’s net worth of $117,000 to $330,000 in 2025 places him in line with the typical American household in terms of financial standing. His career as a public servant, which included serving as a U.S. congressman and now as Governor of Minnesota, has been financially stable, though not particularly lucrative compared to the wealth of some of his peers in the political arena.
Despite his modest wealth, Walz’s work in public education, governance, and public service has contributed to a strong legacy, and his leadership continues to influence the state of Minnesota. With an annual salary of $210,000 and the potential for federal pension benefits, Walz remains a significant figure in U.S. politics, both financially and in terms of influence.
